California Tax Practitioners Beware: Even the Ninth Circuit's I.R.C. Section 1031 Loophole Has Limits

Authors

Laurel A. Tollman

Document Type

California Practicum

Abstract

Section 1031 of the Internal Revenue Code provides tax deferred status for like-kind exchanges of investment property. The Deficit Reduction Act of 1984 amends this section to curb the use of the controversial delayed exchange as a tool to suspend tax assessment for an inordinate period of time. California attorneys should beware the fiture structuring of like-kind exchanges;for the amendment revises the lenient procedures for like-kind qualification sanctioned by the permissive Ninth Circuit.

Recommended Citation

Laurel A. Tollman California Tax Practitioners Beware: Even the Ninth Circuit's I.R.C. Section 1031 Loophole Has Limits, 12 Pepp. L. Rev. Iss. 4 (1985)
Available at: https://digitalcommons.pepperdine.edu/plr/vol12/iss4/9